Philippines Glass Market (2020 - 2026) | Trends, Outlook, Forecast & 6Wresearch
Philippines Glass Market Synopsis Philippines glass market revenues witnessed a steady growth in the previous few years owing to growth in the residential and commercial sectors. However, the market was affected in 2020 by the ongoing pandemic of COVID-19, which caused a halt to manufacturing activities thereby limiting production. Disruptions in the supply chain and international trade significantly impacted the Philippines glass market as the market is mostly imported based on raw materials imported mainly from China, Thailand, Vietnam and Malaysia. However, the market revived soon and is expected to further grow during the forecast period owing to government investments in infrastructural development projects and the rapidly expanding construction and automotive sector. According to 6Wresearch, Philippines Glass Market revenue is projected to grow at a CAGR of 10.1% during 2022-28. The glass market in the Philippines is driven by rising demand from key application areas, espe...